The Consumer Financial Protection Bureau (CFPB) has posted its spring rule making agenda on its website in accordance with the Unified Agenda of Regulatory and De-regulatory Actions. The agency is mandated to publish its agenda twice a year. The CFPB’s agenda includes nine issues including payday lending, overdrafts, HMDA, and TILA/RESPA.
Each agenda topic comes with an overview, plus an effective date or an expected date of final rule issue. In the case of payday lending and overdraft, the agency is still in the research phase with no final rule expected date at this time.
By accessing the agenda, credit unions have a good idea of the major issues that the CFPB is looking at, where they stand, and next steps. If you have any questions about the CFPB and its agenda, contact LSCU VP of Compliance Training and Information Bill Berg at 866.231.0545, ext. 1028.